Case Study: European Energy achieves transparent, standardized quarterly closing with Impero

How Impero streamlines processes in European Energy’s quarterly closing

European Energy, a fast-growing renewable energy company with operations across 30 countries and 600 entities, needed to simplify and standardise its quarterly closing process. As a listed bond issuer on NASDAQ Copenhagen, the finance team had to meet strict IFRS and reporting requirements, but their controls and documentation were spread across Excel sheets and manual task tools, making it difficult to track progress and collaborate efficiently. They turned to Impero for a compliance management platform to bring structure to the process.

Impero implemented a system tailored to European Energy’s complex group structure and large number of SPVs, helping standardise procedures and improve visibility across the quarter-end close. The result was a more transparent and easier-to-manage process, with better status tracking, improved resource planning, and time saved in reviews and adjustments. European Energy said it was their “best closing process ever,” and noted that while the closing still takes the same number of calendar days, they expect further time savings ahead.

European Energy

Jonny Jonasson

Chief Financial Officer